The Indian markets declined as much as 5 per cent on Thursday as Russia attacked Ukraine from all fronts-land, air and sea, leaving investors panicked as they resorted to massive sell-off amid fears of prolonged war.
The Indian markets declined as much as 5 per cent on Thursday as Russia attacked Ukraine from all fronts-land, air and sea, leaving investors panicked as they resorted to massive sell-off amid fears of prolonged war. Benchmarks gave up all crucial support as Nifty slipped below 16,300, while the Sensex tanked 2700 points. Besides all broader market and sectoral indices slipped deep in the red as the market extended its losing street to close in the red for the seventh consecutive day on Thursday.
PSU Bank (8.26%), Realty (7.17%), Media (6.95%), Auto (6.26%) and Private Bank (5.98) took the maximum beatings on Thursday. Besides, all stocks on the benchmarks too ended in the red.
Meanwhile, Asian markets were off to a good start on Friday as all major Asian indices were sitting in the green in the early trade. Japanese Nikkei 225 was up 1.50%, Chinese Shanghai Composite was trading higher by over 1 per cent, while the Hang Seng Index at the Hong Kong Exchange was also up 0.30% around 7.45 am on Friday.
The Dow Jones Industrial Average closed up 92.07 points, or 0.28%, at 33,223.83 while the S&P 500 gained 63.2 points, or 1.50%, to 4,288.7 and the Nasdaq Composite added 436.10 points, or 3.34%, to close at 13,473.59. “Investors rediscovered much of their appetite for riskier bets by Thursday afternoon with the MSCI global index finishing well above its session low and the U.S. dollar paring gains while oil futures pulled back from multi-year records after Russia`s invasion of Ukraine and responses from other countries,” said Reuters.
Ahead of the market opening, Zee Business brings you a list of stocks for profitable trade on Friday. These stocks have been picked keeping in mind the investors’ short-term, positional and long-term objectives. The stocks have been shortlisted from cash, F&O and Techno space to help investors maximize returns in their set time frame. Below is the list, take a look:
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Ashish Chaturvedi Stock Picks
CASH STOCK
BUY CHAMBAL FERTILISERS TARGET 365 SL 350
FUTURES
BUY UPL TARGET 650 SL 622
OPTIONS
BUY ONGC 150 PE TARGET 7.30 SL 5.20
TECHNO
SELL MUTHOOT FIN FUT TARGET 1283 SL 1320
FUNDA
BUY MISHRA DHATU TARGET 200 DURATION 3 MONTHS
INVESTMENT PICK
BUY ABBOTT INDIA TARGET 20100 DURATION 9-12 MONTHS
STOCK IN NEWS
BUY BEL TARGET 193 SL 185
MY CHOICE
SELL DR LAL PATH FUT TARGET 2387 SL 2544
BUY LIC HOUSING FIN TARGET 340 SL 326
BUY JSPL TARGET 375 SL 365
MY BEST
BUY ABBOTT INDIA TARGET 20100 DURATION 9-12 MONTHS
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Kushal Gupta Stock Picks
Cash
Minda Ind – Buy – 915, sl – 875
FTR
Tata Steel – Buy – 1120, sl – 1060
OPTN
Infosys 1680 [email protected] – Buy – 88, sl – 48
Techno
Wipro – Buy – 560, sl – 530
Funda
Hero Moto – Buy – 3300, Duration – 24-36 months
Invest
Bharti Airtel – Buy – 850, Duration – 1 year
News
DLF – Buy – 330, SL 314
Mychoice
Axis Bank – Buy – 750, sl – 720
Bajaj Finance – Buy – 6800, Sl 6530
Indian Hotels – Buy – 203, sl – 190
Best Pick
Hero Moto – Buy – 3300, Duration – 24-36 months
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
